Schrödinger, Inc. (NASDAQ:SDGR) Receives $32.90 Consensus PT from Brokerages

Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.90.

A number of research firms have commented on SDGR. BMO Capital Markets boosted their price target on shares of Schrödinger from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Morgan Stanley dropped their target price on Schrödinger from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 21st.

Schrödinger Stock Performance

Shares of Schrödinger stock traded down $0.28 on Tuesday, reaching $21.36. 700,133 shares of the company were exchanged, compared to its average volume of 749,038. Schrödinger has a 1-year low of $16.67 and a 1-year high of $38.00. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -9.13 and a beta of 1.56. The company's 50-day moving average is $19.69 and its two-hundred day moving average is $20.10.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.12). The business had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business's quarterly revenue was down 17.1% on a year-over-year basis. During the same period last year, the firm posted ($0.86) EPS. As a group, sell-side analysts forecast that Schrödinger will post -2.29 earnings per share for the current year.

Insider Buying and Selling

In other Schrödinger news, insider Margaret Dugan sold 1,531 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the transaction, the insider now owns 13,469 shares in the company, valued at approximately $239,478.82. This represents a 10.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.60% of the company's stock.

Institutional Trading of Schrödinger

Hedge funds and other institutional investors have recently modified their holdings of the company. Rubric Capital Management LP lifted its holdings in shares of Schrödinger by 213.5% during the 2nd quarter. Rubric Capital Management LP now owns 3,130,000 shares of the company's stock valued at $60,534,000 after buying an additional 2,131,724 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Schrödinger by 58.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,945,182 shares of the company's stock worth $36,083,000 after purchasing an additional 717,059 shares during the period. Millennium Management LLC increased its position in shares of Schrödinger by 2,868.8% during the second quarter. Millennium Management LLC now owns 487,831 shares of the company's stock valued at $9,435,000 after purchasing an additional 471,399 shares during the period. Stephens Investment Management Group LLC raised its position in Schrödinger by 39.6% in the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company's stock worth $28,565,000 after purchasing an additional 436,789 shares in the last quarter. Finally, Barclays PLC boosted its stake in Schrödinger by 421.6% in the 3rd quarter. Barclays PLC now owns 107,554 shares of the company's stock valued at $1,995,000 after buying an additional 86,933 shares in the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.